StrongBox Wealth LLC Has $5.55 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

StrongBox Wealth LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,053 shares of the retailer’s stock after purchasing an additional 86 shares during the period. Costco Wholesale comprises approximately 2.3% of StrongBox Wealth LLC’s investment portfolio, making the stock its 14th biggest position. StrongBox Wealth LLC’s holdings in Costco Wholesale were worth $5,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc lifted its stake in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at $71,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $919.75 on Friday. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a market cap of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84. The company’s fifty day moving average price is $949.72 and its two-hundred day moving average price is $900.36. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by company insiders.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.